MODEC Corporate Movie

Mitsui Ocean Development & Engineering (MODEC) was founded in 1968. MODEC opened a Houston office in 1972, the Singapore office in 1998 and the Brazil office in 2003.

In 2003, MODEC had an initial public offering and was listed on the second section of the Tokyo stock exchange. MODEC has been listed on the first section of the Tokyo stock exchange since 2004.

In 2006, MODEC acquired SOFEC, Inc. and purchased 20% of the shares in Cameron Japan Ltd. (former NATCO Japan Co., Ltd.)

In 2007, MODEC entered into a joint development agreement with Velocys Inc. and Toyo Engineering Corporation to develop and commercialize gas to liquids (GTL) technology for offshore applications.

MODEC provides complete solutions for the offshore oil and gas industry including Engineering, Construction and Operational Services for floating Oil & Gas production systems including FPSOs, FSOs, TLPs and Production Semisubmersibles. Introduction to company profile of MODEC.

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